The benchmark Nifty was trading higher in opening trade on the back of buying support from oil & gas exploration, metal, technology, telecom and select financial companies' shares. Both equity benchmarks were above their psychologically important levels - the Nifty above 6000 and Sensex above 20000 mark.
Among frontliners, Sterlite Industries, Sun Pharma, Bharti Airtel, Reliance Communications, Tata Steel, JSPL, ONGC, Reliance Industries (crude oil is including towards USD 90/barrel), Hindalco, SAIL, HUL, ICICI Bank, HDFC and IDFC were on buyers' radar.
Among frontliners, Hero Honda plunged 4% as there were reports that institutional investors may oppose Honda's stake sale plan.
BPCL lost 1%. ITC and L&T were down.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 20,074, up 107 points and the 50-share NSE Nifty was at 6026, up 33.5 points.
The CNX Midcap rose 62 points to 9,073 and BSE Smallcap was up 51 points at 9,909. The Nifty Junior went up 68 points to 12,568.
New listing - RPP Infra Projects slipped in opening traded to Rs 72.65 but immediately managed to recover those losses. It was trading at Rs 77, up 3% over issue price of Rs 75.
Midcap & Smallcap space:
Welspun Corp bounced back with 7% rally as it crashed 26% on Friday. KS Oil was up up 2%.
Aqua Logistics went up 2% and CESC up 3.25%. Chennai Petro was up 2.5%.
However, Bank of India was down 1%, Allahabad Bank down 0.8% and Murli Industries tanked 10.4%.
Kingfisher Airlines was down 3% as Aviation Ministry opposed hiking air fares. Jet Airways was down 2%.
Karuturi Global, Punj Lloyd and South Indian Bank were up 2%.
Among frontliners, Sterlite Industries, Sun Pharma, Bharti Airtel, Reliance Communications, Tata Steel, JSPL, ONGC, Reliance Industries (crude oil is including towards USD 90/barrel), Hindalco, SAIL, HUL, ICICI Bank, HDFC and IDFC were on buyers' radar.
Among frontliners, Hero Honda plunged 4% as there were reports that institutional investors may oppose Honda's stake sale plan.
BPCL lost 1%. ITC and L&T were down.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 20,074, up 107 points and the 50-share NSE Nifty was at 6026, up 33.5 points.
The CNX Midcap rose 62 points to 9,073 and BSE Smallcap was up 51 points at 9,909. The Nifty Junior went up 68 points to 12,568.
New listing - RPP Infra Projects slipped in opening traded to Rs 72.65 but immediately managed to recover those losses. It was trading at Rs 77, up 3% over issue price of Rs 75.
Midcap & Smallcap space:
Welspun Corp bounced back with 7% rally as it crashed 26% on Friday. KS Oil was up up 2%.
Aqua Logistics went up 2% and CESC up 3.25%. Chennai Petro was up 2.5%.
However, Bank of India was down 1%, Allahabad Bank down 0.8% and Murli Industries tanked 10.4%.
Kingfisher Airlines was down 3% as Aviation Ministry opposed hiking air fares. Jet Airways was down 2%.
Karuturi Global, Punj Lloyd and South Indian Bank were up 2%.
Asian markets were mixed in trade. Hang Seng, Straits Times, Taiwan and Jakarta were up 0.6-1%. However, Shanghai, Nikkei and Kospi fell 0.3% each.
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